Situated in the highly desirable Madison Heights neighborhood of Pasadena, this unique multi-unit property offers exceptional investment potential. Set on a spacious 12,342 sq. ft. lot and zoned RM-32, the property presents a rare opportunity for future development. According to the City of Pasadena (buyer to verify), the lot size may allow for the construction of approximately 9 units.
The property currently features three separate tenant-occupied units:
894 S. Marengo: 3 bedrooms, 2 bathrooms (front house)
892 S. Marengo: 2 bedrooms, 1 bathroom
896 S. Marengo: 2 bedrooms, 1 bathroom
Additional amenities include three single-car garages on site.
Whether you’re looking to expand your investment portfolio, generate immediate rental income, or explore development possibilities, this property offers versatility and long-term upside in one of Pasadena’s most sought-after locations.
AGENT: Pamela DelRey LISTING BROKERAGE: Art Del Rey Realty, Inc.The property currently features three separate tenant-occupied units:
894 S. Marengo: 3 bedrooms, 2 bathrooms (front house)
892 S. Marengo: 2 bedrooms, 1 bathroom
896 S. Marengo: 2 bedrooms, 1 bathroom
Additional amenities include three single-car garages on site.
Whether you’re looking to expand your investment portfolio, generate immediate rental income, or explore development possibilities, this property offers versatility and long-term upside in one of Pasadena’s most sought-after locations.
Courtesy of Art Del Rey Realty, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 892 S Marengo
Pasadena, CA
Property Details
Price:
$1,998,000
MLS #:
AR26066054
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
647pasadenasw
Listed Date:
Mar 26, 2026
Total Sq Ft:
2,556
Lot Size:
12,335 sqft / 0.28 acres (approx)
Year Built:
1906
647 – Pasadena (sw)647pasadenaswMountain(s)
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Schools
Interior
Appliances
GR
Cooling
WW
Flooring
VINY, CARP
Heating
SEE, WL, DUC
Laundry Features
IR
Levels
U
Exterior
Common Walls
NCW
Community Features
SDW, SL, CRB
Garage Spaces
3
Parking Spots
3
Parking Total
3
Roof
CMP
Spa Features
NO
View
MT
Financial
Maintenance Fee
$6,687
Net Operating Income
$71,864
Map
Community
- Address892 S Marengo Pasadena CA
- CityPasadena
- CountyLos Angeles
- Zip Code91106
